FMC Corporation (NYSE: FMC) today announced the signing of a definitive agreement with Nufarm Limited to divest a portion of FMC”s European herbicide portfolio.
Under the transaction, Nufarm will acquire FMC”s SU-class herbicides and Florasulam for post-emergence use to control broadleaf weeds in cereals. In exchange, FMC will receive $90 million, which includes the purchase of existing product inventory. The divestiture will satisfy FMC”s commitments to the European Commission related to its recent acquisition of a significant portion of DuPont”s Crop Protection business. The close of the transaction is subject to customary conditions.
FMC Releases, 07/11/2017
